Rich Dad Poor Dad by Robert Kiyosaki

Description

Rich Dad Poor Dad is one of the most popular beginners to read in the financing space. The story depicts is about Robert Kiyosaki’s life growing up with two fathers — his biological father and his best friend’s rich father — and how both men impacted his views on money and investment. The book debunks the notion that you need a big salary to be wealthy, and it discusses the distinction between working for money and letting your money work for you.

The book aims to debunk the misconception that you have to make a lot of money to be wealthy. It also debunks the myth that your property is an asset. It shows parents why they can’t rely on the education system to teach their children about money. Teaches you how to teach your children about money in order for them to be financially successful in the future.

Coming from a well-to-do family but had a number of trouble times. Robert Kiyosaki explains his life stages and how he was able to climb his way to wealth. The wealth that will not be affected by any life stages or business factors.

What I love about books from Robert Kiyosaki and would recommend to any beginners is that it doesn’t complicate personal finance. It illustrates how simple it is to build and get wealthy. By simply improving one’s financial vocabulary and differentiating assets and liabilities.

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